PLTR) Approaching Critical Resistance – Will Bulls Push Through?

Technical Analysis & Options Outlook

📌 Current Price: $87.00

📌 Trend: Bullish Momentum with Key Resistance Zone

📌 Timeframe: 1-Hour

Price Action & Market Structure
1. Bullish Trend Holding – PLTR has maintained higher lows and is now testing a critical resistance zone near $88–$90.

2. Breakout Setup Forming – Price is pressing against a descending trendline. A clean breakout above $88–$89 could trigger a sharp move higher.

3. Potential Pullback Before Breakout – If PLTR fails to hold above $86, expect a retest of the $84 support zone before another attempt.

4. MACD & Stoch RSI – Indicating bullish momentum, but nearing overbought conditions, which could lead to consolidation before continuation.

Key Levels to Watch
📍 Immediate Resistance:

🔹 $88 – First breakout level

🔹 $90 – Major CALL Resistance & Gamma Wall (60.92%)

🔹 $93.62 – Final breakout confirmation zone

📍 Immediate Support:

🔻 $84 – Breakout Retest Zone

🔻 $80 – Strongest PUT Support (-42.56%)

🔻 $75 – Secondary PUT Wall (-27.48%)

Options Flow & GEX Sentiment
* IVR: 61.8 (High Implied Volatility, favoring larger moves)
* IVx: 73.5 (-7.21%) (Volatility cooling down, setting up for a breakout)
* GEX (Gamma Exposure): Bullish Setup Forming ✅ ✅ ✅
* CALL Walls: $90 & $93.62 (Upside resistance zones)
* PUT Walls: $80 & $75 (High liquidity areas for demand)

📌 Options Insight:
* Above $88, expect a gamma squeeze toward $90–$93.62 if momentum holds.
* Below $86, risk increases for a pullback to $84–$80, where liquidity is highest.

My Thoughts & Trade Recommendation
🚀 Bullish Case: If PLTR breaks and holds above $88, expect a push to $90–$93.62.

⚠️ Bearish Case: If PLTR fails at $88, a pullback to $84 or even $80 is likely before another move up.

Trade Idea (For Educational Purposes)
📌 Bullish Play:

🔹 Entry: Breakout above $88

🔹 Target: $90–$93.62

🔹 Stop Loss: Below $86

📌 Bearish Play (Hedge Idea):

🔻 Entry: Rejection at $88

🔻 Target: $84–$80 PUT Wall

🔻 Stop Loss: Above $89

Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and manage risk accordingly.

Final Thoughts
PLTR is at a major breakout level near $88. A successful breakout could push it to $90+, while failure could lead to a pullback toward $84 or $80. Watch price action carefully and wait for confirmation before entering a trade.